Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 23% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 1 0.2 6
26k-50k 1 1 0.2 6
51k-75k 1 0.2 0
76k-100k 5 1 0.8 0
101k-125k 1 6 2 1 1
126k-150k 7 21 4 0.5 2
151k-175k 11 72 19 1.1 0.9
176k-200k 57 106 22 0.3 3.2
201k-225k 76 130 25 0.3 3.5
226k-250k 128 174 31 0.2 4.4
251k-275k 126 180 25 0.2 4.2
276k-300k 151 185 19 0.2 4.9
301k-325k 116 157 16 0.2 4.4
326k-350k 88 158 16 0.3 3.3
351k-375k 70 128 10 0.3 3.3
376k-400k 100 145 19 0.2 4.1
401k-425k 59 92 14 0.3 3.8
426k-450k 53 91 10 0.3 3.5
451k-475k 31 50 2 0.3 3.7
476k-500k 33 87 9 0.4 2.3
501k-550k 49 132 14 0.4 2.2
551k-600k 49 105 7 0.4 2.8
601k-650k 39 105 11 0.4 2.2
651k-700k 32 103 9 0.5 1.9
701k-750k 31 64 4 0.3 2.9
751k-800k 20 73 4 0.6 1.6
801k-850k 24 48 0.3 3
851k-900k 18 60 7 0.6 1.8
901k-950k 12 29 0.4 2.5
951k-1m 15 35 4 0.4 2.6
1m-1.1m 12 38 3 0.5 1.9
1.1m-1.2m 17 31 3 0.3 3.3
1.2m-1.3m 14 21 1 0.3 4
1.3m-1.4m 9 16 2 0.3 3.4
1.4m-1.5m 8 10 2 0.2 4.8
1.5m-1.6m 10 10 1 0.2 6
1.6m-1.7m 12 13 0.2 5.5
1.7m-1.8m 10 13 2 0.2 4.6
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 3 4 0.2 4.5
2m-2.25m 6 6 1 0.2 6
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 3 3 0.2 6
2.75m-3m 4 1 0 24
3m-3.5m 1 5 0.8 1.2
3.5m-4m 2 0
4m-4.5m 1 1 0.2 6
4.5m-5m 1 0
8.01m-9m 1 0.2 0

Townhouses 16% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0.2 0
26k-50k 1 0.2 0
76k-100k 1 3 0.5 2
101k-125k 1 9 1.5 0.7
126k-150k 7 6 1 0.1 7
151k-175k 5 9 0.3 3.3
176k-200k 32 21 1 0.1 9.1
201k-225k 31 29 1 0.2 6.4
226k-250k 38 33 4 0.1 6.9
251k-275k 39 26 2 0.1 9
276k-300k 29 48 6 0.3 3.6
301k-325k 21 34 2 0.3 3.7
326k-350k 13 10 3 0.1 7.8
351k-375k 2 11 0.9 1.1
376k-400k 7 9 1 0.2 4.7
401k-425k 10 13 2 0.2 4.6
426k-450k 2 16 3 1.3 0.8
451k-475k 8 8 1 0.2 6
476k-500k 8 15 3 0.3 3.2
501k-550k 20 33 0.3 3.6
551k-600k 11 28 4 0.4 2.4
601k-650k 11 35 5 0.5 1.9
651k-700k 12 33 1 0.5 2.2
701k-750k 2 15 1 1.3 0.8
751k-800k 8 9 0.2 5.3
801k-850k 1 3 0.5 2
851k-900k 5 4 1 0.1 7.5
901k-950k 5 2 1 0.1 15
951k-1m 2 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 3 0.5 0
1.4m-1.5m 1 1 0.2 0

Condos 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0.2 0
26k-50k 1 2 1 0.3 3
51k-75k 1 5 0.8 1.2
76k-100k 6 10 2 0.3 3.6
101k-125k 18 15 2 0.1 7.2
126k-150k 24 15 1 0.1 9.6
151k-175k 14 11 0.1 7.6
176k-200k 21 23 3 0.2 5.5
201k-225k 36 26 4 0.1 8.3
226k-250k 25 37 5 0.2 4.1
251k-275k 18 23 2 0.2 4.7
276k-300k 25 33 2 0.2 4.5
301k-325k 13 23 1 0.3 3.4
326k-350k 21 22 0.2 5.7
351k-375k 3 13 1 0.7 1.4
376k-400k 5 7 1 0.2 4.3
401k-425k 2 9 1 0.8 1.3
426k-450k 9 10 1 0.2 5.4
451k-475k 6 9 1 0.3 4
476k-500k 6 6 1 0.2 6
501k-550k 5 12 0.4 2.5
551k-600k 1 5 0.8 1.2
601k-650k 1 1 0.2 6
651k-700k 1 0.2 0
701k-750k 1 0
801k-850k 2 0.3 0
901k-950k 1 1 0.2 0
1m-1.1m 1 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 1 1 1 0.2 6

Land 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 20 8 3 0.1 15
26k-50k 24 25 2 0.2 5.8
51k-75k 23 9 0.1 15.3
76k-100k 23 4 0 34.5
101k-125k 3 2 0.1 9
126k-150k 5 2 1 0.1 15
151k-175k 2 1 0.1 12
176k-200k 7 0
201k-225k 2 1 1 0.1 12
226k-250k 4 1 0 24
251k-275k 3 1 0.1 18
276k-300k 5 1 1 0 30
301k-325k 3 1 0.1 18
326k-350k 4 0
351k-375k 2 2 0.2 6
376k-400k 2 0
401k-425k 1 1 0.2 6
426k-450k 2 1 0.1 12
451k-475k 2 0
476k-500k 4 1 0 24
501k-550k 1 0
551k-600k 3 0
601k-650k 2 2 0.2 6
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 2 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0